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Drought conditions play a role as more cattle come to auction barns

Dry weather conditions are pushing more feeder cattle to auctions in some areas with more new crop calves starting to move as well. Prices were mostly steady to a few dollars higher except yearling feeder heifers weighing over 700 lbs. that were $1-2 lower.

Slaughter cow prices took another big drop because the cow cutout on Wednesday was $167.97 which was over $2.70 lower since the previous Wednesday. Ninety percent trimming prices, which are the biggest product from the cows, were over $4 lower at $210.26. Receipts at the test auctions continue to be well over last year because of drought conditions and also more dairy cow numbers because of poor margins.